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Addressing Housing Shortages through Tax Abatement

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Abstract

Rising rents, often attributed to a shortage of available housing, spotlight the urgent need to accelerate housing construction, particularly in Boston and other “superstar cities” where rents have been rising acutely. This report looks at the potential efficacy and costs of one particular policy option to jump-start residential construction: incentivizing developers to build by granting them tax abatements for new construction.

Suggested Citation

  • Paul S. Willen, 2024. "Addressing Housing Shortages through Tax Abatement," Current Policy Perspectives 2024-2, Federal Reserve Bank of Boston.
  • Handle: RePEc:fip:fedbcq:97983
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    More about this item

    Keywords

    tax abatement; housing supply; Housing - Boston;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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